NZ sharemarket starts week up 0.6%

(Image: Getty)

Mon, 18 Nov 2024

The New Zealand sharemarket staged a strong turnaround with a rise of more than 0.5%, while the NZ dollar reached a 12-month low.Again, the S&P/NZX 50 Index had strong momentum in the afternoon and closed at 12,764.65, up 79.77 points or 0.63% after reaching an intraday low of 12,623.39.There were a healthy 38.2 million share transactions worth $164.67m.'A positive note'Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said there were weak offshore leads over the weekend (NZ time) – with strong retail data...

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